demurrage


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demurrage

A charge made by shippers for the time exceeding that normally allowed for loading and/or unloading of building components or materials delivered by railroad, truck, or ship.
References in periodicals archive ?
The carrier will need to file legal action against the rightful owner, who is the consignee as per the B/L, and request the court to give permission to sell the unclaimed cargo in a public auction and award the carrier any claimed fright, demurrage and/or any costs and expenses incurred for storage or delay in taking delivery.
During this period, all imported consignments of same origin which have already been tested, should be excluded from the examination procedure which would surely help in dealing with port congestion issue and save the importers from suffering losses due to demurrage and detention, he added.
But it has been slow to pay for fuel imports, and suppliers face consistent discharging delays, which leads to high demurrage charges.
KABUL (PAN): Afghan traders left 400 vehicles in the Karachi port because of high demurrage charges from Pakistan, officials said on Sunday.
It highlighted that among the services and facilities that customers enjoyed at Tusdeer were custom duty exemption, savings on demurrage and rentals, consolidation, packing, e-packaging and re-stickering for the purpose of realeasing cargo to the Saudi markets or for re-exporting.
Right of lien Many Bs/L provide a standard Lien Clause by which the carrier has the right to lien on cargo for all freights, demurrage and expenses incurred.
During this time, demurrage charges (incurred because the containers have not been released from the port) have been accumulating.
He was then asked for pounds 37,240 more for demurrage, payment for costs involved in holding the money.
The North of England P&I Association has further expanded its UK-based claims team and freight, demurrage and defence (FD&D) team with four senior-level appointments from the shipping insurance and legal sectors.
According to press reports, one trader recently faced demurrage costs in excess of $300,000 after the Chinese authorities diverted his cargo to India.
Some customers were storing their goods at the port until demurrage charges starting piling up.
High demurrage costs have discouraged buyers from using their own tankers.